Customers Bancorp (CUBB) director Robert Mackay plans 2026 board retirement
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Customers Bancorp, Inc. reported that director Robert N. Mackay plans to retire from the boards of both the company and Customers Bank following the 2026 Annual Meeting of Shareholders. He is stepping down to focus on his responsibilities as CEO of a global regulatory technology company.
Mackay has served as a director since 2022 and currently sits on the Directors Risk & Compliance Committee and the Leadership Development & Compensation Committee. The company stated that his decision is not related to any disagreement over operations, policies, or practices.
Positive
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): March 20, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices, including zip code)
(610 ) 933-2000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instructions A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbols | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 20, 2026, Robert N. Mackay, a member of the boards of directors of Customers Bancorp, Inc. (the “Company”) and Customers Bank, the Company’s wholly-owned subsidiary, informed the Company that he intends to retire from the boards of directors of the Company and the Bank and not stand for reelection at the Company’s 2026 Annual Meeting of Shareholders in order to devote more time to the increasing demands of his role as CEO of a global regulatory technology company. His retirement will become effective immediately following the 2026 Annual Meeting of Shareholders. Mr. Mackay has served as a director of the Company since 2022, and currently is a member of the Company’s Directors Risk & Compliance Committee and Leadership Development & Compensation Committee. Mr. Mackay’s determination to retire and not stand for reelection is not related to any disagreement on any matter relating to the Company's or Customers Bank’s operations, policies or practices.
++++++++++++++++++++++++++++++
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| CUSTOMERS BANCORP, INC. | |||||
By: /s/ Andrew B. Sachs | |||||
| Name: Andrew B. Sachs | |||||
| Title: Executive Vice President - General Counsel and Corporate Secretary | |||||
Date: March 23, 2026
FAQ
What board change did Customers Bancorp (CUBB) disclose in this 8-K?
Customers Bancorp disclosed that director Robert N. Mackay intends to retire from the boards of both the company and Customers Bank after the 2026 Annual Meeting of Shareholders, ending his service that began in 2022.
When will Robert N. Mackay’s retirement from Customers Bancorp’s board be effective?
His retirement will become effective immediately following Customers Bancorp’s 2026 Annual Meeting of Shareholders. Until then, he continues to serve as a director and committee member at the company and its banking subsidiary.
Why is Customers Bancorp director Robert N. Mackay retiring?
Robert N. Mackay is retiring from Customers Bancorp’s boards to devote more time to the increasing demands of his role as CEO of a global regulatory technology company, according to the company’s disclosure.
What committees does Robert N. Mackay serve on at Customers Bancorp?
Robert N. Mackay currently serves on Customers Bancorp’s Directors Risk & Compliance Committee and the Leadership Development & Compensation Committee, contributing to oversight of risk, compliance, and executive development and pay.
How long has Robert N. Mackay served on the Customers Bancorp board?
Mackay has served as a director of Customers Bancorp since 2022. His planned retirement following the 2026 Annual Meeting of Shareholders will conclude roughly four years of board service at the company.